January Figures not so Good!

Home prices continue to drop even with real estate analysts they have hit rock bottom. This is the emerging trends with concerns to the real estate market and it’s causing more people to lose homes at the same time. The sheer magnitude and length of time it is taking the market to recover is taking it’s toll and not even the federal government’s bailout funds are making enough of a difference to most homeowners. Those people who got their checks early have been able to get mortgage payments in time but most are still in trouble for as the cash runs out, so do their options. Some opt to sell at cheaper prices or simply abandon their homes to relocate somewhere else where they can afford to live, leaving their homes empty and in dangerous conditions. Abandoned homes are becoming a headache for many city planners who have to deal with block after block of derelict houses left to rot, with no one taking care of them. Even mortgage lenders who are overburdened seem to be allowing the degradation, leaving the insurance to cover their investment (cash is better than an empty house nobody wants to buy).

http://latestrealestatedevelopments.com/information/january-figures-not-so-good/

by Mickey